Emission Trading in Theory and Practice: An Analysis of RECLAIM in Southern California

After the national Acid Rain Program, Southern California's tradeable permit system RECLAIM is the second comprehensive attempt in US environmental policy to create a workable system of tradeable permits. In this paper analyses of the most important regulations, of the environmental, legal, and economic background, and of the first results of this program are provided. The focus is on the conditions under which this instrument of environmental policy can be effective in practice.

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An Interim Evaluation of Sulfur Dioxide Emissions Trading

The Journal of Economic Perspectives ◽

10.1257/jep.12.3.53 ◽

1998 ◽

Vol 12 (3) ◽

pp. 53-68 ◽

Cited By ~ 225

Author(s):

Richard Schmalensee ◽

Paul L Joskow ◽

A. Denny Ellerman ◽

Juan Pablo Montero ◽

Elizabeth M Bailey

Keyword(s):

Sulfur Dioxide ◽

Acid Rain ◽

Large Scale ◽

Emissions Trading ◽

Tradeable Permits ◽

Abatement Costs ◽

Sulfur Dioxide Emissions ◽

Acid Rain Program ◽

The U.S

This paper summarizes recent empirical research on compliance costs and strategies and on permit market performance under the U.S. acid rain program, the first large-scale, long-term program to use tradeable emissions permits to control pollution. An efficient market for emissions permits developed in a few years, and this program more than achieved its early goals on time, and it cost less than had been projected. Because of expectation errors, however, investment was excessive, and permit prices substantially understate abatement costs. The tradeable permits approach has worked well, but it is not a miracle cure for environmental problems. Coauthors are Paul L. Joskow, A. Denny Ellerman, Juan Pablo Montero, and Elizabeth M. Bailey.

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Voluntary Compliance with Market‐Based Environmental Policy: Evidence from the U. S. Acid Rain Program

Journal of Political Economy ◽

10.1086/250088 ◽

1999 ◽

Vol 107 (5) ◽

pp. 998-1033 ◽

Cited By ~ 64

Author(s):

Juan‐Pablo Montero

Keyword(s):

Environmental Policy ◽

Acid Rain ◽

Acid Rain Program ◽

Voluntary Compliance

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El origen de los mercados de emisiones. La mercantilización de la regulación ambiental para contaminantes aéreos en Estados Unidos.

Norteamérica ◽

10.22201/cisan.24487228e.2021.2.473 ◽

2021 ◽

Vol 16 (2) ◽

Author(s):

Ricardo Vega Ruiz

Keyword(s):

Acid Rain ◽

Emission Trading ◽

Acid Rain Program ◽

Trading Program

Este artículo describe el nacimiento de la regulación de contaminantes atmosféricos, así como su transformación, que de estar bajo control estatal transitó a un régimen basado en instrumentos de mercado. Muestra la paulatina mercantilización del abordaje de los problemas de contaminación aérea, cuyos orígenes se encuentran en Estados Unidos y que se condensó en tres momentos históricos: la conformación del Emission Trading Program (1982), el programa Average between refineries (1985) y el Acid Rain Program (1995). Estos experimentos, dentro del régimen de regulación ambiental de comando y control, desembocaron en la conformación del primer mercado de emisiones atmosféricas contaminantes en la historia mundial y abrieron el camino de un nuevo régimen de regulación ambiental conocido como tope y comercio.

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The Political Economy of Market‐Based Environmental Policy: the U.S. Acid Rain Program

The Journal of Law and Economics ◽

10.1086/467384 ◽

1998 ◽

Vol 41 (1) ◽

pp. 37-84 ◽

Cited By ~ 114

Author(s):

Paul L. Joskow ◽

Richard Schmalensee

Keyword(s):

Political Economy ◽

Environmental Policy ◽

Acid Rain ◽

The Political ◽

Acid Rain Program ◽

The U.S

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Do environmental policy and innovation improve carbon productivity? Evidence from the Korean Emission Trading Scheme

Energy & Environment ◽

10.1177/0958305x211064575 ◽

2021 ◽

pp. 0958305X2110645

Author(s):

Jung Youn Mo

Keyword(s):

Environmental Policy ◽

Environmental Performance ◽

Panel Data Analysis ◽

Emission Trading ◽

Emission Trading Scheme ◽

Factors Affecting ◽

Frontier Analysis ◽

Trading Scheme ◽

Carbon Productivity ◽

D Investment

This study investigates the relationship among technology innovation, emission trading schemes, and carbon productivity based on data from firms participating in the Korean Emission Trading Scheme. First, the total factor carbon productivity based on stochastic frontier analysis is estimated by industry and it is confirmed that changes in carbon productivity vary by industry. Based on the estimated carbon productivity, panel data analysis is conducted to determine the effects of innovation and environmental policy on carbon productivity. The results show that R&D investment and environmental policy play an important role in promoting carbon productivity. In this study, the factors affecting carbon productivity are also analyzed by industry. Comparative analysis across industries confirms that factors affecting environmental performance vary by industry. Innovation does not significantly affect carbon productivity in assembling industries, but in the process industry, R&D investment plays an important role in increasing environmental performance.

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Social-media-weaponised populism and community development

10.1332/policypress/9781447353836.003.0006 ◽

2020 ◽

pp. 89-108

Author(s):

Jacques Boulet

Keyword(s):

Social Media ◽

Political Economy ◽

Community Development ◽

Theory And Practice ◽

Development Theory ◽

The Political ◽

Community Life ◽

Daily Lives ◽

Economic Background ◽

Political Economic

This chapter assesses the resurfacing of populism and its much-discussed and documented adoption and enactment by leaders and citizens. More specifically, it discusses reasons for this (re-)emergence and its effects on people's daily lives and their participation in community life against the wider political-economic background, two areas central to much community development theory and practice. The first question posed is: what is going on with and around people — especially their modalities of 'being' and 'relating' — rendering them more 'prone' to being influenced by populisms and become populisms' 'accomplices'? Second, what role does social media play in this imposition/complicity dialectic? Indeed, social media powerfully invades and interpenetrates all levels and processes of the political economy, of people's everyday experiences and their subjective-affective lives, and they infest the mediating institutions operating 'between' the virtual global and the imperceptible here and now. Finally, a third question is posed: what is the effect of such socially mediated populism on communities and on efforts to (re)develop and maintain them? The chapter concludes with some ideas about ways to resist the (combined) assault of populism and social media and restart the project of democracy.

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